152 result(s) for repayment
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
GVH Slaps Banks In Hungary With Record Fine
- 21 Nov 2013 8:00 AM
- business
The Competition Office (GVH) has fined 11 banks a total of Ft 9.5 billion – the largest penalty ever imposed in Hungary in a cartel case – after finding that the lenders colluded to obstruct access to forint loans for those taking part in the early debt repayment plan for foreign-currency mortgage debtors.
Hungary's State Development Agency Blacklists Subsidised Companies
- 28 Oct 2013 8:00 AM
- business
The state development agency NFÜ has announced a list of 2,493 companies that received subsidies but have failed to sign transparent ownership declarations after three calls to do so. The list was published on the NFÜ website over the weekend.
Pension Fund Money Melts Away In Hungary
- 3 Oct 2013 9:00 AM
- business
The Ft 3 trillion taken from private pension funds in 2011, when the government nationalised such funds, had dwindled to Ft 218.7 billion by the end of July, Világgazdaság writes. The bulk of the money, Ft 1.85 trillion, was spent on reducing the state debt, including the repayment of IMF loans.
Budapest Aims To Avoid Congestion Fee
- 14 Sep 2013 9:00 AM
- getting around
Budapest is sending a three-member delegation to Brussels in an effort to avoid or postpone the introduction of a congestion charge, which was a condition of EU funding for the fourth metro line. EU officials have not responded to a letter from Budapest city council but EU officials have confirmed on all of their visits to Budapest that they will not agree to waive the requirement for a ...
Xpat Opinion: A Relief Scheme For FX Loan Holders Is A Political Trap For Fidesz In Hungary
- 11 Sep 2013 9:00 AM
- current affairs
The problem of the foreing currency mortgage holders has come into the focus of public interest and as a result, into the focus of politics as well. The government has been looking for the narrow path where they are able to intervene both politically and economically. Policy Agenda has examined the problem of how Fidesz can find a solution for the question if the party wants to make political ...
Hungary's Economy Is Back On A Growth Path
- 10 Sep 2013 10:00 AM
- business
The repayment of its 2008 loan to the International Monetary Fund and the abrogation of the excessive deficit procedure launched by the European Union upon the country’s accession to the EU mark Hungary’s economic upswing and the Government forecasts 2 per cent growth in 2014, Prime Minister Viktor Orbán told lawmakers in his pre-agenda speech on Monday at the opening of the autumn session of ...
Hungary's PM: Banks Must Amend Foreign Currency Mortgage Contracts
- 9 Sep 2013 9:00 AM
- property
Prime Minister Viktor Orbán considers amending foreign exchange mortgage contracts a moral responsibility for banks. In public Kossuth radio’s morning show 180 minutes, he also highlighted that the recent economic data are signs of Hungary’s recovery.
Stronger Hungarian Forint Helps Lower State Debt
- 28 Aug 2013 9:00 AM
- business
Hungary's gross consolidated debt, calculated according to the Maastricht criteria, stood at Ft 23.2 trillion, or 81.4% of GDP, at the end of June, the MNB announced. The figure is up from 78.7% one year earlier, but lower than the 82.4% at the end of March.
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
GVH Slaps Banks In Hungary With Record Fine
- 21 Nov 2013 8:00 AM
- business
The Competition Office (GVH) has fined 11 banks a total of Ft 9.5 billion – the largest penalty ever imposed in Hungary in a cartel case – after finding that the lenders colluded to obstruct access to forint loans for those taking part in the early debt repayment plan for foreign-currency mortgage debtors.
Hungary's State Development Agency Blacklists Subsidised Companies
- 28 Oct 2013 8:00 AM
- business
The state development agency NFÜ has announced a list of 2,493 companies that received subsidies but have failed to sign transparent ownership declarations after three calls to do so. The list was published on the NFÜ website over the weekend.
Pension Fund Money Melts Away In Hungary
- 3 Oct 2013 9:00 AM
- business
The Ft 3 trillion taken from private pension funds in 2011, when the government nationalised such funds, had dwindled to Ft 218.7 billion by the end of July, Világgazdaság writes. The bulk of the money, Ft 1.85 trillion, was spent on reducing the state debt, including the repayment of IMF loans.
Budapest Aims To Avoid Congestion Fee
- 14 Sep 2013 9:00 AM
- getting around
Budapest is sending a three-member delegation to Brussels in an effort to avoid or postpone the introduction of a congestion charge, which was a condition of EU funding for the fourth metro line. EU officials have not responded to a letter from Budapest city council but EU officials have confirmed on all of their visits to Budapest that they will not agree to waive the requirement for a ...
Xpat Opinion: A Relief Scheme For FX Loan Holders Is A Political Trap For Fidesz In Hungary
- 11 Sep 2013 9:00 AM
- current affairs
The problem of the foreing currency mortgage holders has come into the focus of public interest and as a result, into the focus of politics as well. The government has been looking for the narrow path where they are able to intervene both politically and economically. Policy Agenda has examined the problem of how Fidesz can find a solution for the question if the party wants to make political ...
Hungary's Economy Is Back On A Growth Path
- 10 Sep 2013 10:00 AM
- business
The repayment of its 2008 loan to the International Monetary Fund and the abrogation of the excessive deficit procedure launched by the European Union upon the country’s accession to the EU mark Hungary’s economic upswing and the Government forecasts 2 per cent growth in 2014, Prime Minister Viktor Orbán told lawmakers in his pre-agenda speech on Monday at the opening of the autumn session of ...
Hungary's PM: Banks Must Amend Foreign Currency Mortgage Contracts
- 9 Sep 2013 9:00 AM
- property
Prime Minister Viktor Orbán considers amending foreign exchange mortgage contracts a moral responsibility for banks. In public Kossuth radio’s morning show 180 minutes, he also highlighted that the recent economic data are signs of Hungary’s recovery.
Stronger Hungarian Forint Helps Lower State Debt
- 28 Aug 2013 9:00 AM
- business
Hungary's gross consolidated debt, calculated according to the Maastricht criteria, stood at Ft 23.2 trillion, or 81.4% of GDP, at the end of June, the MNB announced. The figure is up from 78.7% one year earlier, but lower than the 82.4% at the end of March.